Wednesday, August 20, 2014

Pick City: Rancho Santa Margarita

Rancho Santa Margarita - Week of August 18th, 2014

Single Family Homes




This Week

The median list price in RANCHO SANTA MARGARITA, CA this week is $669,900. The 83 properties have been on the market for an average of 49 days.

Demand measured bu the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.

Supply and Demand

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we're in the Seller's zone. Watch for changes in MAI. If the MAI resumes it's climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.



Median Price


The market appears to be hovering around these current levels. The Market Action Index is a good leading indicator for the durability of this trend.

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.


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Data Provided by and Copyright Altos Research LLC

Tuesday, August 19, 2014

Understanding Mortgage Credit Certificates

TEMECULA, CA, Aug 19, 2014—The process of obtaining a mortgage can be lengthy, and confusing. With so many different mortgage options available, it's easy for hopeful homebuyers to feel overwhelmed. In the following article, Mike Rangel, REALTOR® at CENTURY 21 Award gives us the rundown on a popular mortgage option: the mortgage credit certificate.
(Image via Freedigitalphotos.net)

“A mortgage credit certificate, or MCC, makes it easier for eligible buyers to qualify for a mortgage loan,”
explains Rangel. Offered by many city and county governments, these certificates allow first-time buyers to take advantage of a special federal income tax write-off, which can be incredibly helpful.

Under MCC programs, the lender can reduce the housing expense ratio – the percentage of gross monthly income applied toward housing expenses – by the amount of the tax savings. Normally, lenders reject loans if the housing expense ratio is too high.

According to Rangel, program requirements for MCCs vary, although most adhere to the following guidelines:
  • The buyer must live in the home being purchased with an MCC-assisted mortgage.
  • Total household income cannot exceed certain limits.
  • The buyer cannot have owned a principal residence within the past three years. “This restriction may be waived if a property is purchased within a certain targeted area," notes Rangel.
  • The purchase price must fall within an established limit.
“When looking to obtain a mortgage, it's important to explore all of your options,” says Rangel. More information is available by calling your local housing or redevelopment agency, or contacting your real estate agent.



For more information on mortgage credit certificates, please contact Mike Rangel at mikerangel@verizon.net, (619) 846-9487, or CENTURY21Award.com/agents/MikeRangel

For more real estate information, please contact CENTURY 21 Award at info@century21award.com, (800) 293-1657, or CENTURY 21 Award.com

Friday, August 15, 2014

Open Houses: Hot off the presses (August 16th-17th, 2014)





Sunday, 11-2 
43 Alderwood #69
Irvine
3 bed/1.5 bath
1220 Sq. Ft.
Built 1978
End unit, green belt view!
$490,000

Samuel Z. Wang
(949) 943-7655

CalBRE# 01950439
 
 Directions
 More Info/Photos
Sunday, 1-4
9 Altimira
Coto de Caza
3 bed/3 bath
3055Sq. Ft.
Built 1994
View & separate Casita!
$1,069,000

Debra Kovacs
(949) 350-0146
CalBRE# 01277417
 
 Directions
 More Info/Photos
Take a Tour
Saturday, 1-4 
3 Bell Pasture
Ladera Ranch
5 bed/5.5 bath
5246 Sq. Ft.
Built 2004
500K in upgrades!
$2,195,000

Christy Holmes
(949) 697-0712

CalBRE# 01427665
 
 Directions
Take a Tour
Sunday, 1-4
17 El Morro
Rancho Santa Margarita
4 bed/3 bath
2328 Sq. Ft.
Built 1997
Price reduced!
$774,900

Rodrigo Ramos-Cardenas
(949) 702-6255

CalBRE# 01941426
 
 Directions
 More Info/Photos
Saturday, 12-3 
128 N. Kroeger St
Anaheim
3 bed/3 bath
1800 Sq. Ft.
Built 1992
Simply elegant!
$449,900

Meghan Shigo
(714) 273-1381

CalBRE# 01243803
 
 Directions
Saturday, 1-5 
1005 Malibu Canyon Rd
Brea
4 bed/3 bath
2507 Sq. Ft.
Built 1984
Charming home!
$694,900

Leonor Burga
(714) 402-5060

CalBRE# 01321732
 
 Directions
 More Info/Photos
Sunday, 12-4
3192 Oak Knoll Dr
Los Alamitos
4 bed/2 bath
2033 Sq. Ft.
Built 1957
Rossmoor Ranch Style!
$915,000

Lorraine Bourgeois
(714) 615-7685

CalBRE# 01946791
 
 Directions
 More Info/Photos
Sunday, 12-4 
2415 Peacock Ln
Corona
4 bed/2.5 bath
1784 Sq. Ft.
Built 1977
Light and bright!
$410,000

Candace Coffman
(949) 533-6125

CalBRE# 01931193
 
 Directions
 More Info/Photos
Saturday, 11-3 
26849 Silver Spur Ct
Winchester
4 bed/3 bath
2216 Sq. Ft.
Built 2007
Large backyard!
$299,900-$319,900

Karissa Kean
(951) 551-7320

CalBRE# 01954224
 
 Directions
 More Info/Photos
Saturday, 1-4
6701 Summerfield Ct
Chino
2 bed/2 bath
1050 Sq. Ft.
Built 1986
1 Story detached home!
$319,900

Jennifer Falconer
(949) 278-1630

CalBRE# 1276852
 
 Directions
 More Info/Photos

Sunday, 1-4
4448 Torrey Pines Dr
Chino Hills
4 bed/3 bath
3019 Sq. Ft.
Built 1999
Turnkey!
$879,000

Rose Cervantes
(909) 938-7154

CalBRE# 00675089
 
 Directions
 More Info/Photos
Saturday, 4-6
208 Via Sedona
San Clemente
4 bed/3 bath
3400 Sq. Ft.
Built 2000
Overlooks 18th Green!
$959,000

Rodrigo Ramos-Cardenas
(949) 702-6255

CalBRE# 01941426
 
 Directions
 More Info/Photos
Sat/Sun, 1-4 
1461 Durfee Ave
S. El Monte
3 bed/1 bath
1191 Sq. Ft.
Built 1954
Updated Single Story!
$369,900

Rose Cervantes
(909) 938-7154

CalBRE# 00675089
 
 Directions
 More Info/Photos
Sat/Sun, 12-4 
39562 Millstream Rd
Murrieta
4 bed/2.5 bath
2037 Sq. Ft.
Built 1997
Great buy, Temecula schools!
$352,900

Betty Jaurequi
(949) 439-0191

CalBRE# 01741637
 
 Directions
 More Info/Photos
Sat/Sun, 1-4 
1573 Reservoir St #B
Pomona
2 bed/2.5 bath
1231 Sq. Ft.
Built 1989
Great starter!
$209,900

Rose Cervantes
(909) 938-7154

CalBRE# 00675089
 
 Directions
 More Info/Photos
Sat/Sun, 1-4  
4999 Stone Ridge Dr
Chino Hills
4 bed/3 bath
2326 Sq. Ft.
Built 1999
Just reduced!
$544,900

Rose Cervantes
(909) 938-7154

CalBRE# 00675089 
 
 Directions
 More Info/Photos
Sat: 12-3, Sun: 5-7 
8 Santa Arletta
Rancho Santa Margarita
6 bed/3.75 bath
3225 Sq. Ft.
Built 2000
6 bedroom home!
$824,000

Rodrigo Ramos-Cardenas
(949) 702-6255

CalBRE# 01941426
 
 Directions
 More Info/Photos
Sat: 11-1, Sun: 1-4
25615 Willow Bend
Lake Forest
4 bed/2.5 bath
2134 Sq. Ft.
Built 1975
Move-in ready!
$749,000

Brooke Suttle
(714) 381-0218

CalBRE# 01897582
 
 Directions
 More Info/Photos
Saturday, 1-4 
4700 71st St
La Mesa
3 bed/1 bath
956 Sq. Ft.
Built 1938
Center of San Diego!
$429,000-$439,000

Ruth Pugh
(858) 467-4727

CalBRE# 01139420
 
 Directions
 More Info/Photos
Sunday, 1-4 
6036 Camino Largo
San Diego
3 bed/3 bath
2098 Sq. Ft.
Built 1970
Panoramic views!
$599,000

Joan Hay
(619) 668-2816

CalBRE# 00599034
 
 Directions
 More Info/Photos
Sunday, 12-3
9277 Cedar Trails
Valley Center
4 bed/3 bath
3389 Sq. Ft.
Built 1995
Live at a Resort!
$669,500

Kim Drusch
(760) 580-9195

CalBRE# 01452671
 
 Directions
 More Info/Photos
Saturday, 1-4
1705 Cripple Creek Dr #1
Chula Vista
2 bed/2 bath
1675 Sq. Ft.
Built 2011
Gorgeous townhouse!
$344,900

Joyce R. Boyd
(619) 884-5018

CalBRE# 00759975
 
 Directions
 More Info/Photos
Take a Tour
Sunday, 1-4
1738 Las Palmas Ln
Escondido
3 bed/2 bath
1759 Sq. Ft.
Built 1990
Turnkey property!
$484,900-$498,900

Shannon Itzaina
(760) 420-3227

CalBRE# 01816893
 
 Directions
 More Info/Photos
Take a Tour
Sunday, 1-4 
1877 Matin Cir #210
San Marcos
2 bed/2 bath
1001 Sq. Ft.
Built 1991
Perfect for any buyer!
$275,000-$289,000

Pamela Fletcher
(760) 291-7060

CalBRE# 01396373
 
 Directions
 More Info/Photos
Sunday, 12-3 
605 Oak Glade Dr
Fallbrook
3 bed/2 bath
2512 Sq. Ft.
Built 2004
Quiet & private location!
$569,000

Sylvia & Tim Harmon
(760) 522-7932

CalBRE# 01948592
 
 Directions
 More Info/Photos
Saturday, 1-5 
13801 Pinkard Wy #3
El Cajon
2 bed/2 bath
1196 Sq. Ft.
Built 1992
New floorings!
$249,000

Erlinda Icayan
(619) 415-9115

CalBRE# 01362610
 
 Directions
 More Info/Photos
Saturday, 1-4 
12682 Springbook Dr #B
San Diego
2 bed/2 bath
1132 Sq. Ft.
Built 1992
Just reduced!
$375,000

Media Fettinger
(619) 634-8445

CalBRE# 01930055
 
Directions
 More Info/Photos
Sunday, 11-2 
1767 Washington
Ramona
2 bed/2 bath
1010 Sq. Ft.
Built 1988
Bring your horses!
$368,000

Karen Domnitz
(619) 884-7654

CalBRE# 00897503
 
 Directions
 More Info/Photos
Sat/Sun, 1-4 
655 Benton Plc
El Cajon
3 bed/2.5 bath
1782 Sq. Ft.
Built 1998
Reduced to sell!
$379,900

Karen Snow
(619) 991-7669

CalBRE# 01051720
 
 Directions
 More Info/Photos
Sat/Sun, 10-4 
1249 Boca Raton
Chula Vista
3 bed/3 bath
1377 Sq. Ft.
Built 1995
Vaulted ceilings!
$420,000

Eduardo Garcia
(619) 254-9386

CalBRE# 01454928
 
 Directions
 More Info/Photos
Sat/Sun, 1-4 
1161 Chestnut Ave
Carlsbad
Build-Ready
10,889 Sq. Ft.
Readied 2007
Beautiful Estate Lot!
$629,900

Betty Calkin
(760) 213-2152

CalBRE# 01475689
 
 Directions
 More Info/Photos
Take a Tour
Sat/Sun, 12-3 
7606 Forrestal Rd
San Diego
4 bed/3 bath
2416 Sq. Ft.
Built 1971
Solar & upgrades galore!
$749,000-$789,000

Sherry Donahue
(619) 823-9866

CalBRE# 01945948
 
 Directions
 More Info/Photos
Sat/Sun, 1-4 
7378 Margerum Ave
San Diego
4 bed/2 bath
2277 Sq. Ft.
Built 1977
Del Cerro Beauty!
$669,900-$689,900

Ruth Pugh
(858) 467-4727

CalBRE# 01139420
 
 Directions
 More Info/Photos
Sat: 12-3, Sun: 11-2 
10737 San Diego Mission Rd #305
San Diego
2 bed/2 bath
900 Sq. Ft.
Built 1973
Functional layout!
$289,000

Harvey Lang
(619) 701-4733

CalBRE# 01918355
 
 Directions
 More Info/Photos
Sat: 1-4, Sun: 1-5 
9085 Summerhill Point
Alpine
4 bed/4 bath
3242 Sq. Ft.
Built 1990
Pool, spa, and great views!
$669,900

Saturday:
Joan Gallagher
(619) 846-7869

CalBRE# 01959784

Sunday:
Rob Martin
(614) 390-3169

CalBRE# 01949992
 
 Directions
 More Info/Photos
Take a Tour
Sat/Sun, 12-3
3042 Wohlford Dr
Escondido
4 bed/3 bath
2516 Sq. Ft.
Built 2009
Courtyard & huge backyard!
$489,000

Kim Drusch
(760) 580-9195

CalBRE# 01452671
 
 Directions
 More Info/Photos
Take a Tour
Sat/Sun, 1-4 
4728 Works Plc
San Diego
3 bed/3 bath
1596 Sq. Ft.
Built 1937
Restored in the Center of SD!
$449,000-$559,000

Ruth Pugh
(858) 467-4727

CalBRE# 01139420
 
 Directions
 More Info/Photos



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